Commercial Lending April blog

 

At Hodge, we understand every property development project is unique, and so are your financing needs. Our property development finance options are designed to support experienced developers from the first plans to the last brick laid.

Whether you’re looking to fund a residential new build or undertake a conversion or refurbishment, we can help.

  • Funding from £2m up to £10m
  • Loan term up to 24 months for development
  • Committed and secure bank funding.

Find out more – Property Development Finance

Stretch Senior finance 

Where we provide the Development Finance, we may also be able to provide an additional layer of financial flexibility through our Stretch Senior Debt offering. This affords access to additional leverage swiftly and seamlessly; with the same trusted partnership you’ve come to expect from Hodge.

Find out more – Stretch Senior Finance

A smooth application process

Preparing for your development finance application is crucial, and we’re here to guide you through it. Here are some tips to ensure a smooth process:

  1. Prepare a credible plan: Show us why you need the finance and how you intend to repay it. A clear exit strategy is essential.
  2. Showcase your experience: Provide examples of at least two similar, successful projects.
  3. Demonstrate risk mitigation: Show how you will mitigate any material risks of the project.
  4. Be open and honest: Being realistic and transparent about costs, timelines, and selling prices. This will help things move more quickly and instil trust.

Why choose Hodge?

Choosing Hodge means opting for a bank with more than three decades of experience in development finance. We offer:

  • Funding you can rely on – we’re an established bank serving the retail mortgage,  savings and commercial markets. Our funding is stable and committed, you can expect:
  • Expert commercial lending knowledge – built on our longstanding heritage and significant experience serving the unique requirements of clients and brokers
  • A human approach to commercial lending – you’ll work with an experienced  relationship manager  throughout your entire project ensuring a smooth process through to completion
  • Committed to raising industry standards – as an active member of the two largest commercial professional bodies -  The National Association of Commercial Finance Brokers (NACFB) and The Financial Intermediary and Broker Association (FIBA) you can be assured we operate to the highest industry standards.

Read our recent client case study on Rowe Construction and find out in real terms how we’re supporting developers to meet their goals in 2024.

Get in touch 

Discover how our development finance solutions can support your property development ambitions. Email us at [email protected] to start your journey with Hodge.